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ACQUISITION

August 12th, 2018 India's one of the leading hotel booking platform OYO acquires online wedding marketplace platform Weddingz in a cash-and-stock deal. Though the amount of the deal has not been disclosed. This is the third acquisition of Softbank backed company in this year. The Gurgaon based company acquired 100% stake in the wedding platform. The...
ACQUISITION

August 7th, 2018 FMCG giant Hindustan Unilever Ltd (HUL) has claimed that it is acquiring ‘Adityaa Milk’ ice cream brand from Karnataka-based Vijaykant Dairy and Food Products Ltd. The financial details of the deal have however not been disclosed yet. With this, HUL is planning to take over a larger part of the fragmented ice cream market in...
ACQUISITION

August 6th, 2018 The big data analytics company Mu Sigma is in talks with the private equity player TPG Capital to sell a large stake sale in the firm. According to the sources, this acquisition of stake may result in a potential sale of the venture and this will value the company at around $1.2 billion.  However, there has been no formal agreement...
ACQUISITION

August 6th, 2018 The popular Bollywood actor John Abraham has successfully acquired a minority stake in Guardian Healthcare which is a chain of health, wellness, and beauty stores based in Mumbai. The company operates as a franchise partner of US-based health and nutrition company GNC in India. The financial details of the deal have not been...
ACQUISITION

August 4th, 2018 Dutch premium brewer Heineken which is the world’s second-largest beer maker is reportedly acquiring 40 percent stake in China’s CR Beer Co Ltd (China Resources Beer). According to the statement of CR Beer, the deal is worth $3.1 billion, and post-acquisition, Amsterdam-based Heineken will have a greater access to the network of...
ACQUISITION

August 3rd, 2018 The Indian subsidiary of Ebix Group has reportedly acquired two travel companies namely Mercury Travels and Leisure Corporation. According to the reports, the deal is worth $14.2 million. The acquisition has been made with an aim to create a separate division to focus on the niche travel market in India. Mercury Travels is a...
ACQUISITION

August 2nd, 2018 The emerging foodtech platform Swiggy that is consistently in news for a long time, has now announced the acquisition of a Mumbai-based on-demand delivery firm known as Scootsy. The deal is a mostly-cash contract and this acquisition is worth about Rs 50 crore (under $8 million). This acquisition is expected to see Scootsy’s brand...
ACQUISITION

July 31st, 2018 Security and Intelligence Services (SIS), a security service provider based in New Delhi is eyeing to acquire a majority stake in another security management company for around Rs 300 crore. SIS is a BSE listed company and this acquisition will mark the very first acquisition by the security services provider that has created a war...
ACQUISITION

July 28th, 2018 US-based online retailer eBay is reportedly in talks with ShopClues to acquire the Gurugram-based e-commerce company After announcing its plan to relaunch its India business. Last year, eBay sold its India operations to Flipkart for $200 million, who recently said it will stop using the eBay.in platform. Meanwhile, eBay and ShopClues...
ACQUISITION

July 27th, 2018 Zensar Technologies, an IT and infrastructure services provider has announced that it has entered into a definite agreement for the purpose of acquiring a US-based digital marketing firm known as Indigo Slate for $18 million. This amount will be paid in advance and there will be some amount which will be paid in future based on the...
ACQUISITION

July 27th, 2018 Redkix, an Israeli email startup that provides tools to combines email, messaging and calendar features more effectively into one app has been acquired by Facebook. Facebook made the purchase in hopes of building out its own communication features inside Workplace, which is the enterprise version of Facebook. Redkix has raised $20...
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